AquaFunded Prop Firm Review in 2024 (2024)

AquaFunded is a new prop firm established in December 2023. The CEO is Jason Blax. The company is registered in Dubai Silicon Oasis, DDP, Building A2, Dubai, United Arab Emirates. AquaFunded recently partnered with Think Markets as their broker. The account sizes vary from $10,000 to $200,000. Prop firms have evaluation processes to choose who gets to trade with them, and so does AquaFunded.

They’re taking care of all the losses in the live trading account.

AquaFunded Prop Firm Review in 2024 (1)

Platforms Used by AquaFunded for Trading

AquaFunded currently operates on the DXTrade platform, a comprehensive tool designed for brokers prioritizing client retention, engagement, and risk management. They’ve indicated plans to integrate the TradeLocker platform, further expanding their operational capabilities.

Community Feedback for AquaFunded

AquaFunded has a high score on Trustpilot based on community feedback. They have a 4.5 out of 5 rating from 586 reviews, with 83% of reviewers giving them 5 stars. AquaFunded is praised for top-notch customer support and a 90% profit split. Despite being new, the client commands its support system, expressing hope for success until funded, which they will update.

AquaFunded: Instruments You Can Trade

Partnering with ThinkMarkets has enabled AquaFunded to offer a wide array of trading instruments. They include:

  • Forex Pairs
  • Commodities
  • Indices
  • Cryptocurrencies

The leverage provided depends on the chosen trading instrument.

Tradable InstrumentLeverage

Forex Pairs








Payment Options at AquaFunded Prop Firm

AquaFunded offers transactions through Credit/Debit cards and Cryptocurrency. For withdrawal purposes, you can use Bank Transfer and Rise services.

Understanding Profit Splits at AquaFunded Prop Firm

AquaFunded promises a generous profit share of 90% to the traders, reserving just 10% for itself.

AquaFunded Approach to Profit Targets

For the One step challenge, traders need to hit a profit target of 9%. The Two Phase challenge demands a 9% profit in the first phase and 5% in the second, with strict adherence to all rules and trading parameters.

Account Size Options in AquaFunded

All accounts at AquaFunded contain five account amounts for selection: $10k, $25k, $50k, $100k, and $200k. You have the freedom to handle multiple challenges simultaneously, with funded accounts being capped at a maximum of $400k. With the scaling plan, you can grow their account up to $2 million.

Challenge Size$10,000$10,000$25,000$25,000$50,000$100,000$200,000$200,000
Profit split90%90%90%90%90%90%90%90%
Profit target9%8%-5%9%8%-5%9%8%-5%9%8%-5%
Max daily loss3%5%3%5%3%5%3%5%
Max total loss
Minimum trading daysN/AN/AN/AN/AN/AN/AN/AN/A
Commission per lot$0$0$0$0$0$0$0$0
Refundable fees (Yes/No)YesYesYesYesYesYesYesYes
Free trial (Yes/No)
Payout Frequency

Drawdown Rules and Daily/Max Loss Policy at AquaFunded

The daily loss limit at AquaFunded has been set at 3%, and traders are not allowed to lose more than 6% of the highest amount ever held in their account, regardless of its size.

Minimum and Maximum Trading Days at AquaFunded

AquaFunded provides unlimited time for traders to complete their evaluation, so there is no need for challenge reset options.

Step Challenges Available at AquaFunded

AquaFunded offers 2 types of challenges.

  • One-Step (One-Phase) Challenge
  • Two-Step (Two-Phase) Challenge

Commissions and Fees at AquaFunded

AquaFunded charges a commission fee per lot depending on the instrument type.

Trading InstrumentCommission Fee
FOREX$5 per lot
INDICES$0 per lot
CRYPTO$0 per lot

Refund Options at AquaFunded

AquaFunded doesn’t offer refunds after you get the evaluation credentials. Refunds are only given after completing the evaluation and reaching a profit split agreement.

Does AquaFunded Prop Firm Offer a Free Trial?

AquaFunded has an “try before you buy” option. This means you can try a challenge before you actually decide to buy it.

Payment Frequency at AquaFunded

You can obtain your first payount 14 calendar days from the first trade placement. Every other withdrawal is possible bi-weekly.

AquaFunded FAQ

How do I become funded by AquaFunded?

You need to successfully pass the evaluation process.

How many accounts can I trade?

You can trade multiple accounts simultaneously, with a maximum merge limit of $400k.

Can I have a free retry?

No. You have unlimited time to complete the evaluation, so there is no need for retries.

How do payouts work?

Payouts are possible 14 days after the first trade, with subsequent payouts every 14 days of trading.

Do you have a scaling plan?

Yes, AquaFunded provides a scaling plan, allowing account growth up to $2,000,000.

Is there a breach for inactivity?

Accounts without any trade for 30 days are considered inactive.

Am I trading real money?

No, all AquaFunded accounts are demo accounts with virtual funds.

Are there any countries we cannot trade from?

Yes, AquaFunded restricts trading from Cuba, Iran, North Korea, Syria, Pakistan, Vietnam, Thailand, Kenya, and Myanmar.

When does the Evaluation start?

The evaluation starts immediately after the first trade placement.

Do I have to pay for my loss?

No, AquaFunded covers all losses on challenge accounts.

Can I leave profits in my account?

Yes, profits can be retained in the account.

Is the Evaluation Fee refundable?

The fee is refundable after the first payout. But,if you fail the evaluation, the fee isn’t refundable.

What is the maximum capital I am allowed?

Funded accounts can hold up to $400k, which can be expanded to $2,000,000 with the scaling plan.

What happens if I violate a rule or the trading parameters?

Any violation results in account termination and termination of the Trader Agreement.

What is the Profit Split?

The profit split is 90% for traders and 10% for AquaFunded.

How to become an Affiliate?

Sign up as an affiliate from your dashboard. Payouts are available every 14 days post the first sale. Withdrawals are possible once over $30 in commissions have been earned. However, Google ads to the affiliate link are not permitted.

AquaFunded Prop Firm Review in 2024 (2024)


Do prop firms really pay out? ›

Using simple math, we can discover that the rate of people who have reached the first payout compared to the total number of people attempting to pass the evaluation is just a meager 0.072%! That result should look catastrophic for anyone who hopes to join a prop firm.

Are prop firms trustworthy? ›

Proprietary trading firms, known as prop firms, can vary in legitimacy. Reputable prop firms do exist and compensate traders for successful trading. However, caution is advisable as some untrustworthy entities might operate as scams.

Where is Aqua funded located? ›

Dubai, UAE Based

Welcome to the heart of our operations, where the dynamic energy of Dubai serves as the backdrop for AquaFunded's innovative approach to proprietary trading.

How do I choose a prop firm? ›

Vetting the Prop Firm's Track Record

The first step when deciding on any prop trading firm should be an in-depth look at its reputation and history in the industry. A firm's standing within the trading community will highlight its reliability and ability to support its traders with a secure trading environment.

What is the failure rate for FTMO? ›

The FTMO challenge has a reputation for being extremely difficult to pass. Across FTMO's various account levels, it is estimated that only around 10% of traders are able to successfully complete the evaluation and become a funded trader. This means approximately 90% of those who attempt the challenge end up failing.

Which is the most trusted prop firm? ›

Best Prop Trading Firms 2024 - Reviewed by Experts
  • FTMO.
  • E8.
  • City Traders Imperium.
  • Fidelcrest.
  • LuxTradingFirm.
  • FundedNext.
  • The Funded Trader.
  • Audacity Capital.
Feb 2, 2024

What happens if you lose money in a prop firm? ›

Profits from trades are generally divided between the firm and the prop trader; however, the risk distribution is asymmetric. This means that in the event of a loss, the trader bears 100% of the losses, while they don't receive 100% of the profits.

Is FTMO the best prop firm? ›

FTMO Investment Options

One of the main reasons why FTMO is a good prop firm is their investment options. They offer traders the opportunity to trade with their own capital, as well as access to additional capital from FTMO.

Should you join a prop firm? ›

Joining a prop trading firm can provide access to cutting-edge technology and resources that individual traders may not have. Additionally, being part of a team can offer valuable mentorship, networking opportunities, and collaboration with like-minded professionals.

What is the cheapest prop firm? ›

Best cheap forex prop firms
  • FTMO: evaluations starting at $399.
  • TopStepTrader: Challenges starting at $375.
  • T4tCapital: Flexible evaluation options starting at $299.
  • Funded Trading Plus: Starting at $25.
  • Earn2Trade: $99 Mini challenge.
  • True Trading Group: $49 evaluation with a $25,000 virtual account.
Feb 27, 2024

How does Aqua funded work? ›

Aqua Traders' funded accounts (referred to as "Funded Accounts") should not be considered live trading accounts. These Funded Accounts exist solely in a simulated environment, utilizing real market quotes sourced from liquidity providers. All accounts provided by AquaFunded are demo accounts with virtual funds.

Is Aqua open source? ›

At Aqua we've built a team exclusively dedicated to open source, separate from our commercial engineering team. This ensures we can commit, long term, to creating and maintaining high quality code, and ensure ongoing involvement in contributing to other open source community projects.

Is prop firm trading legal? ›

Prop trading firms are less heavily regulated than regular brokerages and broker-dealers. However, if such laws apply, you must still properly register your business and get licensed. For example, in the US, CFD trading is prohibited, and you can only offer prop trading of exchange-traded securities.

What are the negatives of prop firms? ›

Foreign Exchange Specialist at FTMO.
  • Strict Risk Management Rules and Trading Guidelines: ...
  • Profit Sharing: ...
  • Profit Targets During the Evaluation Period: ...
  • Limited Control Over Capital and Payouts: ...
  • Lack of Regulatory Oversight: ...
  • High Leverage and Margin Requirements: ...
  • Financial Risk and Capital Exposure:
Feb 11, 2024

How much do prop firms pay out? ›

In conclusion, the income of prop firm traders can vary greatly depending on several factors such as experience, performance, and the size of the firm. On average, a junior prop trader can expect to earn anywhere between $50,000 to $100,000 per year, while a senior trader can make upwards of $500,000 annually.

Is working with a prop firm worth it? ›

Is working with a prop firm worth it? There are many unique advantages that make working with a prop firm worth it. These include access to unique software and information, trading with the firm's capital, and cashing in a large portion of your winnings.

Does FTMO pay out? ›

The payouts are processed within 1-2 business days upon confirming the invoice. You can receive your profits by a regular bank wire transfer, Skrill or cryptocurrencies. We don't charge any commissions for withdrawals.

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